Is 98225, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98225 has remained a Seller's Market.
Housing Prices in 98225, WA
How much do homes in 98225, WA cost?
Median Sold Price
$651,875
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98225 was $651,875 in March 2024, up 0.3% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $348.5K | $374.9K | +7.6% |
2 Bedrooms | $525K | $560.5K | +6.8% |
3 Bedrooms | $750K | $722K | -3.7% |
4 Bedrooms | $849.9K | $850K | 0.0% |
5+ Bedrooms | $950K | $995K | +4.7% |
Summary: 98225 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 98225, WA
How many homes are available in 98225, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 84 | +25.4% |
Summary: The 98225 real estate market had 84 homes for sale in March 2024, a 25.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 26 | 29 | +11.5% |
3 Bedrooms | 22 | 33 | +50.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 98225 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98225 in March 2024, up by 58.8% month-over-month. Of the 27 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% were sold over asking.
Days on Market for 98225, WA
How long does it take to sell a home in 98225, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +11.5% |
Summary: Homes in 98225 had an average of 23 days on market in Mar 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 98225; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.